Nuveen Asset Management LLC Raises Position in Nutrien Ltd. (NYSE:NTR)

Nuveen Asset Management LLC boosted its stake in Nutrien Ltd. (NYSE:NTR) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,188,525 shares of the company’s stock after buying an additional 103,768 shares during the quarter. Nuveen Asset Management LLC’s holdings in Nutrien were worth $53,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in Nutrien in the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC lifted its stake in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after buying an additional 480 shares in the last quarter. Assetmark Inc. lifted its stake in Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc purchased a new position in Nutrien in the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Up 0.8%

Nutrien stock opened at $57.92 on Monday. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The firm has a 50 day moving average price of $52.62 and a 200 day moving average price of $50.30. The company has a market capitalization of $28.28 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.76%. Nutrien’s dividend payout ratio (DPR) is presently 203.74%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NTR shares. BNP Paribas raised shares of Nutrien to a “strong-buy” rating in a research note on Wednesday, April 9th. Piper Sandler raised their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. TD Securities raised their target price on shares of Nutrien from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. The Goldman Sachs Group raised their target price on shares of Nutrien from $53.00 to $59.00 and gave the stock a “sell” rating in a research note on Friday, May 9th. Finally, Berenberg Bank raised their target price on shares of Nutrien from $54.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.44.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.